I dont consider the move in cryptos bloody. We are well within the range of volatility in this arena. A 15% move in either direction is very common. People want to compare the % moves to the stock market, they arent the same. 10% move down in the stock market is a blood bath...here it is just a daily fluctuation.
I believe the next two years will be incredible for the entire crypto sector. So few people are involved it means there will be huge growth. Couple that with fact these systems are actually making progress in terms of real world us, and you see a recipe for huge gains.
Great post.
I agree with you. I see a movement of ten to twenty percent as natural. Nothing that has happened lately has given me pause. In fact I enjoy the fluctuations in crypto because some of them are as regular as clockwork which can work out very well.
The next couple of years will see huge growth. Looking at the past year alone is proof that we are approaching a tipping point. I hope that we are all aboard for when that happens :-)
I am rooting for a bigger pullback. My powder is in and I want to buy more. The levels we are at now might be the best entry point. I would like to see 50s again on LTC and 3500 on BTC. Not sure I get that.
I am in the same situation with LTC. I had been getting quite used to selling it and thing it when it dropped eight to ten dollars as it was doing lately. It's not sinking enough at the moment and similarly I want to get in with more before it explodes
What are you long term views on LTC?
I think it is going to be one of the big winners. I am a huge Charlie Lee fan and view him in the same ilk as Jobs and Musk.
Ultimately, I think LTC grabs the micropayment market while BTC is the store of value/larger transactions. Atomic swaps will make this a lot easier to do.
I dont think a $1000 price at some point is out of reason.
I think exactly the same for LTC in fact you could say I am banking on it. I got in early in the year and have been incrementally adding to my Holdings ever since. For me since segwit I believe the same that it has a future as the fast micro payments element and big brother BTC the holder of bulk value. We could all be rich one day :-)
From your keyboard to my wallet my friend.
My main holding are BTC, LTC, and ETH with some Steem and GRT.
I believe steem will be in for a massive ride upward. If this social site can take off like most of us anticipate, then we could see a 100 times increase in the price of Steem. The great part of that is we have the opportunity to acquire them simply by participating on here. That puts the ROI at infinite (without accounting for our time).
But to your point, yes I believe investing in crypto/blockchain will make many of us rich.
I haven't looked at GRT will definitely do that. It's looking bad today but only to be expected on a Sunday
I have the same high hopes for steem/steemit let's hold on to the reigns and see where she takes us :-)